Darryl Runs a Ranch in Jackson,Wyoming

question 7

Multiple Choice

Darryl runs a ranch in Jackson,Wyoming.The interest on the debt he incurred to buy his ranch totals $3,000 per year.For Darryl,the interest is

• A) an implicit cost.
• B) an explicit cost.
• C) his normal cost.
• D) his normal profit.
• E) part of his economic profit.

---

Definitions:

Allele Frequencies

The relative frequency of different alleles of a particular gene in a given population, essential in studying genetic variation and evolution.

Genetic Variability

The variation in the DNA sequence in each of our genomes, which is essential for a population's adaptability to changing environments.

Gene Pool

The complete set of genetic information within all the individuals of a population or species.

Alleles

Different versions of a gene that can exist at a single locus on a chromosome, contributing to the diversity of phenotypes.